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alix resources corp (AIX) Details

Alix Resources Corp., a mineral exploration company, engages in acquiring and exploring exploration and evaluation assets in North America. It holds a portfolio of Sheslay claims covering 23,500 hectares in British Columbia, Canada. The company has an option to acquire a 100% interest in the Golden Granite property located in Yavapai County, Arizona; a 100% interest in the Homestake (Arizona)-Santa Maria property located in Yavapai County, Arizona; and a 60% interest in the West Pogo Project in Alaska. It also maintains a 20% interest in the Cougar Property located in British Columbia, Canada. The company was formerly known as NPN Investment Group Inc. and changed its name to Alix Resources Corp. in December 2007. Alix Resources Corp. is headquartered in Vancouver, Canada.

alix resources corp (AIX) Key Developments

Alix Resources Corp. announced results from a preliminary reconnaissance exploration program completed this summer in the Sheslay district, northwest British Columbia. A crew was mobilized to the area in late June and completed a prospecting and soil sampling program on the South Fork Property, which includes the VI and Halt showings, and on the North Cap East and North Cap West Properties. Alix also holds the North Hackett claims, contiguous to the northeast boundary of Doubleview Capital Corp.'s Hat Cu-Au porphyry discovery. The program has confirmed, enhanced and expanded the original 1982 Halt soil geochemical gold and copper anomalies and additional exploration is planned to define the extent and source of the anomalies for upcoming drill targets. A soil sample grid near the Halt showing within the South Fork Property, consisting of 49 samples, returned anomalous gold values up to 106 ppb and copper up to 193 ppm. A total of 6 samples returned greater than 40 ppb gold. Line 400+0mN (at 6347600mN) returned up to 106 ppb gold with an average of 44 ppb over 900 meters E-W. Line 800+0mN (at 6348000mN) returned up to 43 ppb gold with an average of 25 ppb over 700 meters E-W. Samples were taken every 100 metres along a series of east-west soil geochemistry lines spaced 400m apart, just north of the Halt showing (MINFILE No 104J 058). A limited soil sampling program on the northern portion of the property returned an anomalous sample containing 56 ppb gold and 158 ppm copper. Six out of 10 total samples returned an excess of 100 ppm copper, and of those, 3 samples returned >150 ppm copper, with a peak value of 193 ppm. Gold values over 40 ppb gold and/or copper values over 100 ppm are considered to be significantly anomalous. Limited outcrop sampling of 8 rock samples was also conducted on the three properties, however sampling was hindered due to snow cover and no anomalous values were returned. Soil sampling on the North Cap properties was very limited and no anomalous values were returned. Carbonate alteration was noted on the North Cap West property. Additional exploration on the North Cap properties is warranted and planned.

Alix Resources Corp. announced that Mr. Ryan Kalt has joined its Advisory Board and in that capacity will assist the company in strategic business development related to its exclusive focus on the prolific Sheslay district.

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